> For the complete documentation index, see [llms.txt](https://glossary.ecsa.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://glossary.ecsa.io/economic-agent.md).

# Economic agent

An economic agent can issue and redeem tokens: it can keep track of its own and its counterparties’ ledgers. It records them as assets and liabilities: one agent’s asset is always another agent’s liability (balance sheet approach). Together economic agents create a distributed data structure: a distributed ledger. See Distributed ledger.